Business Standard

Cottonseed oilcake gains on fresh buying

Image

Press Trust of India New Delhi
Cottonseed oilcake prices were higher by Rs 20 to Rs 2,131 per quintal in futures trading today on fresh buying by participants on the back of emerging physical markets.

Marketmen said restricted arrivals and pick up in demand for cattle-feed makers in spot markets encouraged traders to built up fresh positions.

At the National Commodity and Derivatives Exchange, cottonseed oilcake delivery for February posted a higher gain of Rs 20, or 0.95 per cent, to Rs 2,131 per quintal, with an open interest of 52,950 lots.

The delivery for January also progressed ahead by Rs 19, or 0.91 per cent, to Rs 2,096 per quintal, in an open interest of 53,870 lots.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 05 2017 | 11:28 AM IST

Explore News